Subsidizing American Energy: A Breakdown By Source
July 30, 2008
by Mary Hutzler
American taxpayers footed a $16.6 billion bill for energy subsidies, tax breaks, loan guarantees, and the like in 2007 alone, according to data from the U.S. Energy Information Administration (EIA). That’s more than double the Federal subsidy level from eight years earlier.
In fact, on an energy fuel basis, Congress has increased subsidies for [...]